A regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of the testing.
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National carrier Air India has written to the lenders of Jet Airways asking if it can fly five of Jet’s grounded Boeing 777 aircraft on international routes. Jet has suspended operations after bankers refused additional credit to the cash-strapped
Also, the Jio phone users that come in with the Rs 501 Monsoon Hungama, come in on a Rs 99 plan, so to that extent the Arpu reduces,” he said. However, Thakur called the Arpu trajectory stable and said the company will be maintaining that.
While on the face of it this seems to have cast a shadow over the efficacy of the scheme, government officials claim that the renewed government commitment to make market intervention under PM-Aasha itself will help push up market prices and will
Highlighting the specific case of Indiabulls, in a letter dated April 8, Credai has alleged that Indiabulls being one of the largest lenders in the sector is “causing undue hardship for developers and creating a situation of financial strangulation”.
Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the
The lender’s asset quality, however, remained unchanged quarter-on-quarter with gross non-performing assets (NPAs) of 1.38%. The provisioning coverage ratio (PCR) stood at 65.3%, while the net NPA at 0.69% was 3 bps lower than in Q3FY19.
JSPL has achieved Q4FY19 production/sales volume (highest ever) of 1.5mt/1.45mt. After near stagnant sales volumes over FY15-18 at 3.1-3.8mt, FY19 sales volume at 5.12mt translates in to a 36% y-o-y growth.
Reliance Retail on Thursday reported an 88.7% jump in revenues to Rs 1,30,566 crore for 2018-19, while the PBIT (profit before interest) soared 145.2% to Rs 6,201 crore. In the three months ended March, the retailer posted a 51.6% year-on-year
Private equity/venture capital (PE/VC) investments in India reached an all-time high of $35.8 billion in 2018, witnessing an increase of 37% in value terms compared to the year before, according to a report by EY.
In a major move, Tata Steel subsidiary Tata Sponge Iron on Thursday said its board has approved shifting of the company’s registered office from Odisha to West Bengal and changing its name to Tata Steel Long Products or such other name.
Sources said Gaur wrote two letters to homebuyers, first on April 13 and the second on April 17, where he assured them of his intentions of delivering their housing units in a time bound manner. The meeting is scheduled for Friday morning.
In a letter to JIL's resolution professional (RP) Anuj Jain, Adani Infrastructure and Developers (AIDPL) said it is “interested” in participating in the new corporate insolvency resolution process (CIRP) and in implementing a turnaround plan.